ROI Canadian High Income Mortgage Fund Announces Purchases Under Market Repurchase Program

TORONTO, Jan. 18, 2013 /CNW/ - Pursuant to the market repurchase program
outlined in the prospectus of ROI Canadian High Income Mortgage Fund
(TSX: RIH.UN) (the "Fund") dated November 29, 2012, the Fund announced
today the repurchase of its Class A units on the Toronto Stock Exchange
(the "TSX").

The Fund repurchased 443,900 Class A units representing approximately
0.85% of its initial public float and, cumulatively with the Class A
units repurchased since December 7, 2012, has now repurchased 8,522,280
Class A units representing approximately 16.25% of its initial public
float. Under the market repurchase program, the Fund has committed to
repurchase for cancellation during the 180 days after the Class A units
are first listed, 10,345,180 Class A units representing 19.72% of its
initial public float, at a price less than 95% of its latest net asset
value per Class A unit.

Certain statements included in this news release constitute
forward-looking statements. The forward-looking statements are not
historical facts but reflect current expectations regarding future
results or events. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results or
events to differ materially from current expectations and, accordingly,
readers are cautioned not to place undue reliance on such statements
due to the inherent uncertainty therein. Return On Innovation Advisors
Ltd. undertakes no obligation to update publicly or otherwise revise
any forward looking statement whether as a result of new information,
future events or other such factors which affect this information,
except as required by law. Investment funds are not covered by the
Canada Deposit Insurance Corporation or by any other government deposit
insurer. There is no guarantee that an investment in the Fund will earn
any positive return in the short or long term nor is there any
guarantee that the Fund's investment objective will be achieved or that
the net asset value per unit will appreciate or be preserved.